P.R. Laws tit. 13, § 123

2019-02-20 00:00:00+00

§ 123. Payment of principal and interest—Date; rate of interest

The principal of and interest on the savings bonds authorized by this chapter shall be paid upon maturity or on the date of redemption if they are presented for payment before maturity. Interest shall accrue on the basis of compound interest until maturity or up to the date of redemption, if redeemed before maturity, at a rate or rates not to exceed the maximum rate of interest authorized at the time of the sale.

History —May 28, 1976, No. 69, p. 190, § 3.